EUR/USD
Current level – 1.1028
EUR/USD managed to hold above the 1.1020support level during yesterday’s low volatility session. The current short-term uptrend is still intact with 1.1062 being the main resistance. If the pair successfully violates the aforementioned resistance, a move towards 1.1170 is probable. Conversely, a move below 1.1020 should push the price towards the support at 1.1000, followed by 1.0964.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.1065 | 1.1177 | 1.0989 | 1.0939 |
| 1.1100 | 1.1230 | 1.0964 | 1.0880 |
USD/JPY
Current level – 108.68
The trend for the Ninja (USD/JPY) remains positive after the successful breakthrough of the resistance level at 108.46. The optimism from the negotiations for the USA-China trade war is still dictating a risk on attitude, and a test of the next resistance area at 109.00 is probable. The recent drop looks like a retracement towards 108.46 and, if the move gains momentum, support levels lie at 108.11 and 107.83.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 108.60 | 109.00 | 108.46 | 107.40 |
| 109.00 | 109.30 | 107.80 | 107.00 |
GBP/USD
Current level – 1.2774
Positive news and a favorable development prospect for the Brexit negotiations pushed the currency pair towards the resistance at 1.2780. Sentiment is currently positive and the GBP/USD should reach the next resistance at 1.2880. As always, high volatility is to be expected with today’s statement from the Bank of England Chairman at 14:00 UK time and the economic data due to be released at 09:30 UK time. The main support is the 1.2500 level, followed by 1.2337.
| Resistance | Support | ||
| intraday | intraweek | intraday | intraweek |
| 1.2783 | 1.2880 | 1.2565 | 1.2345 |
| 1.2800 | 1.2970 | 1.2425 | 1.2200 |
